Control4 Corporation (NASDAQ:CTRL) received a $30.00 target price from research analysts at Cowen and Company in a report issued on Wednesday, November 1st. The brokerage currently has a “buy” rating on the electronics maker’s stock. Cowen and Company’s target price would indicate a potential downside of 11.27% from the company’s previous close.
CTRL has been the topic of several other research reports. Zacks Investment Research lowered Control4 Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub lowered Control4 Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Control4 Corporation in a report on Monday, September 11th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $25.50.
Shares of Control4 Corporation (NASDAQ CTRL) traded up $0.73 during midday trading on Wednesday, hitting $33.81. The stock had a trading volume of 436,344 shares, compared to its average volume of 492,090. The firm has a market capitalization of $822.23, a PE ratio of 50.89, a P/E/G ratio of 3.23 and a beta of -0.57. Control4 Corporation has a twelve month low of $10.08 and a twelve month high of $34.73.
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In other Control4 Corporation news, CEO Martin Plaehn sold 117,137 shares of Control4 Corporation stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $33.02, for a total value of $3,867,863.74. Following the completion of the sale, the chief executive officer now directly owns 169,257 shares of the company’s stock, valued at approximately $5,588,866.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Greg Bishop sold 2,254 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $32.90, for a total transaction of $74,156.60. Following the sale, the insider now directly owns 15,961 shares of the company’s stock, valued at $525,116.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 342,661 shares of company stock valued at $11,143,418. Corporate insiders own 6.10% of the company’s stock.
Several large investors have recently bought and sold shares of CTRL. Bank of New York Mellon Corp lifted its holdings in Control4 Corporation by 638.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock worth $14,311,000 after buying an additional 630,921 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Control4 Corporation in the 3rd quarter worth approximately $12,680,000. Dimensional Fund Advisors LP lifted its stake in shares of Control4 Corporation by 100.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock worth $15,744,000 after acquiring an additional 402,208 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Control4 Corporation by 135.8% in the 1st quarter. Renaissance Technologies LLC now owns 614,700 shares of the electronics maker’s stock worth $9,706,000 after acquiring an additional 354,000 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Control4 Corporation in the 2nd quarter worth approximately $4,519,000. Institutional investors and hedge funds own 74.75% of the company’s stock.
About Control4 Corporation
Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.
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